You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest.  Under these assumptions, how much will you have 3 years from today? $20,993                                     $24,424 $22,098                                     $25,645 $23,261

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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  1. You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest.  Under these assumptions, how much will you have 3 years from today?
    1. $20,993                                     $24,424
    2. $22,098                                     $25,645
    3. $23,261
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